The long trade on Friday played out extremely well. Now my attention has turned to the downside.

I entered a short position late on Friday, but my stop at 25 pips proved to be a little too close as the EUR side of the cross caught the breeze higher again today.

The hourly price action has stalled a few times since Asia……and I’m chancing another short trade.





The zoomed out 4 hour chart below shows the bigger picture with the head and shoulders pattern clearly visible My risk / stop loss is defined around the highs of the day from here..– link to Fridays post




Horatio Dubsly

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